The following hourly rates of National Minimum Wage apply from 1 October 2016:

• The rate for workers aged 21 to 24 increases to £6.95.
• The development rate (workers aged 18 to 20) increases to £5.55.
• The young workers rate (non-apprentices aged under 18 but above compulsory school age) increases to £4.00.
• The apprenticeship rate increases to £3.40.

The National Living Wage for workers aged over 25 remains at £7.20 per hour.

We recommend that businesses review their pay rates to ensure that they are aligned with these increased rates.